Financial Daily from THE HINDU group of publications
Tuesday, Dec 02, 2003
Financial Daily from THE HINDU group of publications Tuesday, Dec 02, 2003 |
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Money & Banking
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Public Sector Banks Industry & Economy - Gender Canara Bank loan scheme for women Our Bureau
KOCHI: Canara Bank has launched Can Mahila loan scheme exclusively for women with a reduced rate of interest. The purpose for meeting any genuine personal needs including buying household articles, gift, jewellery etc. Women both working and non-working between the age of 18 years and 55 years are eligible to avail themselves of the loan, a release said. The scheme offers a loan of Rs 50,000 or 10 month's gross salary which ever is lower in the case of working women. In the case of non-working women, gross annual income of the family should not be less than Rs 1 lakh. The rate of interest is 11.50 per cent. The Canara Bank Thrissur main branch has opened a separate counter for considering the proposals and prompt disbursements of loans.
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